Help with my first real estate partnership

[Jay Len]

Hello BP community! First post here. To keep it short, I am going to be purchasing a buy and hold property with a partner in the next few weeks. We verbally agreed that he will buy the house in cash and i will pay for all rehab costs and take care of property maintenance. It would be a 50/50 partnership. What would everyone recommend for how we declare ownership? should we go the llc route, do a partnership agreement, etc. I would prefer for his name to be on the title because he has higher income and credit which will help with the refi process but it would be great to have my name included if possible.

Thanks!